PHOENIX, May 18, 2011 (GLOBE NEWSWIRE) -- iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce software, site development, web hosting and search engine optimization for businesses and entrepreneurs, today announced the results for our annual meeting of stockholders, whereby our stockholders were asked to vote on the following proposals:
1. To elect three Class II directors, each for a term of two years, expiring at our annual meeting of stockholders to be held during 2013 or until a successor has been duly elected and qualified;
2. To consider and act upon a proposal to approve an amendment to our 2003 Equity Incentive Plan (the "Plan") to increase the number of shares available for issuance in connection with the options or other awards granted under the Plan by 1,000,000 shares, from 2,000,000 shares to 3,000,000 shares;
3. To consider and vote upon a proposal to amend our Certificate of Incorporation, as amended to date, to change the name of our company from "iMergent, Inc." to "Crexendo, Inc."; and
4. To consider and vote upon a proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our year ending December 31, 2011.
Each of the proposals set forth above were approved by our stockholders and received the requisite number of votes to approve the proposed actions. Additionally, the Company announced that effective with the opening of trading on May 23, 2011: (i) its new trading symbol on the NYSE – AMEX exchange will be (AMEX:EXE), and (ii) its corporate name will change to Crexendo, Inc.
iMergent provides eCommerce solutions to entrepreneurs and businesses enabling them to market and sell their business products or ideas via the Internet. The company sells its proprietary software and training services which help users build Internet strategies to allow entrepreneurs and businesses to market and sell their products, accept online orders, analyze marketing performance and manage pricing and customers over the Internet. In addition to software and training, iMergent offers site development, web hosting and search engine optimization (SEO). iMergent, StoresOnline and Crexendo Business Solutions, Inc. are trademarks of iMergent, Inc.
CONTACT: iMergent, Inc. Steven G. Mihaylo, CEO 775-530-3955 Stevemihaylo@imergentinc.com